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Britannia Inn Tewkesbury
30, High Street, Tewkesbury, GL20 5AT
Pub Code: 0091656101
Key Features
- High street location
- Small trade kitchen
- Great outdoor patio area
- Private accommodation
Est Min Ingoing Costs: £8,964
Annual Rent: £14,013
More Information
The Britannia Inn is a well located pub situated right in the heart of Tewkesbury in Gloucestershire. Tewkesbury is an historic riverside town on the Cotswolds tourist trail and a living museum of architecture and social history spanning over 500 years. Tourists are drawn to its medieval black and white townscape and 12th century Abbey. It is a highly desirable place to live and features good demographics with a high proportion of young people, suburban couples and families on middle incomes.
The Britannia Inn is a high street pub surrounded by small independent retailers and larger chain stores. Currently, the core clientele group is locals frequenting the pub in the evenings who are drawn by its reputation for selling great quality ale. However, there is great potential to capitalise on the daytime passing trade by improving the food and coffee offer.
The ideal operator for the Britannia Inn will have understanding of the local area and have the drive to develop the business through multiple income streams. The desire to introduce and build a simple food offering is important. Understanding of marketing and social media will play an important part in opening up all potential customer bases.
The Britannia Inn is a high street pub surrounded by small independent retailers and larger chain stores. Currently, the core clientele group is locals frequenting the pub in the evenings who are drawn by its reputation for selling great quality ale. However, there is great potential to capitalise on the daytime passing trade by improving the food and coffee offer.
The ideal operator for the Britannia Inn will have understanding of the local area and have the drive to develop the business through multiple income streams. The desire to introduce and build a simple food offering is important. Understanding of marketing and social media will play an important part in opening up all potential customer bases.
Trading Area & Facilities
The Britannia is an easy to run one bar operation that boasts attractive original features. It has a small trade kitchen. To the rear of the property, there is a small outdoor patio area that can be used in warm summer evenings to enjoy a quiet drink while looking over the river.
Private Accommodation
The private accommodation consists of 3 bedrooms over two floors with bathroom, Kitchen with lounge area. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.
Premises Licence Details
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
08:00 - 00:30 |
08:00 - 00:30 |
08:00 - 00:30 |
08:00 - 00:30 |
08:00 - 01:30 |
08:00 - 01:30 |
08:00 - 00:30 |
| Annual Rent | £ 14,013 |
| Estimated Tenants Annual Operating Profit | £ 18,573 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 175 |
| Estimated Annual Turnover | £ 218,922 |
| Estimated Annual Barrelage | 132 |
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 7,410 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 4,075 |
| Deposit Amount | £ 3,503 |
| Rent in Advance | £ 269 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 60 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 16,877 |
| Estimated Minimum Ingoing Costs | £ 8,964 |
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
| Other SP&B Ongoing Charges | |
|---|---|
| Estimated Annual Building Insurance | £ 1,092 |
| Estimated Annual Maintenance Compliance Charge | £ 1,862 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) |
£
6108
|
| Estimated Annual Repairs Fund | £ 1300 |
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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